I
posted on GCB this morning. While I am fairly positive on this stock, the rise of its only warrant, GCB-WA is simply astounding. Bear in mind that this warrant has only 83 days to expiry (end date is 16/2/2016) and exercise price is at RM1.34. This means that the warrant (at RM0.185) has a premium of 31.7%. GCB closed at limit-up price of RM1.15.
I can only say that we have to be very careful with any warrant with short tenor.
Chart: GCB-WA's intraday chart as at Nov 25, 2015 (Source: ShareInvestor)
Note:
In
addition to the disclaimer in the preamble to my blog, I hereby confirm
that I do not have any relevant interest in, or any interest in
the acquisition or disposal of, GCB or GCB-WA.
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